Canaan Inc., the Singapore-based Bitcoin mining hardware manufacturer, has triggered a Nasdaq compliance warning after its stock price dipped below $1 for 30 consecutive trading days. The company now faces potential delisting if it fails to meet the exchange's minimum bid price requirements. This marks a critical juncture for the mining equipment sector, reflecting broader headwinds in hardware manufacturers as the industry grapples with energy costs and competitive pressures in the current market cycle.